Maria Cantwell voted for Washington state taxpayers. She stood up and protected the interests of her constituents against the Bush administration, the Senate minority and majority leadership.
She voted against the bailout!
Please Contact Senator Cantwell and give her your support.
Patty Murray intends to sell out the public interest of her Washington state constituents in order to bail out Wall Street:
I support the bill we’ll vote on today.
Senator Murray, how will this bill make it easier to get a loan or refinance a home? Nothing in the bill requires banks to increase their lending to home owners and businesses. They will hoard any cash we give them.
Senator, what have you changed from the Preisdent’s original plan?
The authority of the Secretary to purchase troubled assets under this Act [...] shall be limited to $700,000,000,000 outstanding at any one time.
The bill still gives the ex-CEO of Goldman Sachs free reign to use $700B of taxpayer funds however he wants. He can use funds to support institutions like Goldman Sachs. That is a clear conflict of interest.
Requiring Congress to override a Presidential veto with a 2/3s super-majority is not oversight. Nor is limiting floor debate to 1 hour:
If the President vetoes [a congressional resolution to halt the Treasury Secretary's use of funds] debate on a veto message in the Senate under this section shall be 1 hour
Senator, what are the taxpayer protections? This bill gives the Secretary near imperial authority to decide the price and cost incurred by taxpayers:
The exercise price for any warrant issued pursuant to this subsection shall be set by the Secretary
[...]
the Secretary shall—
(A) hold the assets to maturity or for re sale for and until such time as the Secretary determines [...] and
(B) sell such assets at a price that the Secretary determines
[...]
The Secretary shall provide [...] a justification of the price paid for and other financial terms associated with the transactions
This bill mocks our constitutional Republic.
Christopher Dodd is the chairman of the finance committee. He strongly urges taxpayers to bailout Wall street. Could this be because 4 of Senator Dodd’s top 5 donors are from Wall street?
Top 5 Contributors, 2003-2008
Citigroup Inc $314,694
SAC Capital Partners $282,000
United Technologies $263,400
Royal Bank of Scotland $229,950
American International Group $224,678
Christopher Dodd stands for crony capitalism and against the general public.
I wish Ohio Representative Mary Kaptur represented my district. Unlike Jim McDermott, she stood up for her constituents’ freedom and refused to bailout Wall street.
Please contact Washington Senators Patty Murray and Maria Cantwell. Let them know how you feel.
We will be following how they vote tonight in the Senate.